August 6, 2012

Reliance Aircraft International acquires 757-200ER and 737-300 for disassembly

Reliance Aircraft International, Austin, Texas acquired ex-Delta 757-200ER and ex-Southwest Airlines 737-300 for disassembly and parts resale. Formed in 2011, RAI specializes in aircraft purchase for disassembly, inventory parts consignment and inventory evaluation of all fleet types. “RAI has exceeded projections and expectations for revenue and acquisitions (seven aircraft; A300-600, 757, 737-300/400 and MD82) in […]

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easyJet reports July load factor of 92.5%

Airlines & Routes / Leave a Comment

easyJet reported July 2012 traffic increase of 8% compared to the same period a year ago. The load factor for the month increased 0.8 points to 92.5% when compared to July 2011.

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Ryanair's profit down €40m in first quarter of FY13

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Ryanair released that significantly higher fuel costs caused Q1 profits to fall by €40m (from €139m last year’s) to €99m. A 6% traffic growth combined with a 4% rise in average fares led to an 11% increase in revenues to €1,284m. Ancillary sales grew by 15% to €286m (outpacing traffic growth) accounting for 22% of

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International Airlines Group reports first half 2012 operating loss of €253m

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International Airlines Group (IAG) reported consolidated results for the six months ended June 30, 2012. IAG reported a second quarter 2012 operating loss of €4m, before exceptional items (2011: operating profit €190m) and an operating loss for the half year of €253m before exceptional items (2011: operating profit €88m). British Airways made an operating profit,

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Embraer delivers first four A-29 Super Tucano to Indonesian Air Force

Military & Defense / Leave a Comment

Embraer Defense and Security has delivered four light attack and tactical training A-29 Super Tucano aircraft to Indonesia’s Air Force at a ceremony held in its facility in Gavião Peixoto, São Paulo, Brazil. Indonesia is the first operator of Super Tucano in the Asia-Pacific region. These four A-29 Super Tucano are from the initial batch

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Airbus Military signs cooperation agreements in Portugal

Military & Defense / Leave a Comment

Airbus Military has signed a cooperation agreement with the Ministry of Economy and various Portuguese industrial companies in fulfilment of the commitments arising from the sale of a fleet of twelve C295 aircraft for the Portuguese Air Force. These agreements, with a value of several hundred million euros, will boost the Portuguese aerospace industry and

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A350 XWB “MSN1” flight-deck comes to life

MRO & Production, Top Stories / Leave a Comment

Airbus has successfully powered-up the flight-deck of A350 XWB “MSN1” for the first time, following the initial application of electrical power to the aircraft’s front fuselage. This significant milestone was passed only two weeks after this section was delivered to the Final Assembly Line (FAL) in Toulouse. Moreover, it gives a promising indication of the

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Xiamen Airlines to purchase 40 Next-Generation 737s

Aircraft & Engines, Top Stories / Leave a Comment

Boeing released that Xiamen Airlines has agreed to purchase 40 Boeing Next-Generation 737-800s. The airline plans to use the airplanes for more international routes to meet growing passenger traffic in Asia-Pacific and China. The order, which is valued at $3.5bn at list prices, requires Chinese Government approval and Boeing will work with Xiamen Airlines to

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Willis Lease Finance earns $2.4m in second quarter of 2012

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Willis Lease Finance Corporation (WLFC), a leading lessor of commercial jet engines, reported that net income was $2.4m in the second quarter of 2012, compared to $2.7m in the year ago quarter, due to lower lease rent and maintenance reserve revenue and differences in gains from sale of leased equipment, partially offset by lower net

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Pemco World Air Services announces agreement with Avion Services to acquire the Company